Financial Crises

Research Links

Debt and Deficits

What's the difference between debt and deficit? What does the "fiscal cliff," a combination of tax increases and spending cuts, mean for deficit reduction? Research Links on Debt and Deficits provides news, research, data, and proposed solutions on debt and deficit in the United States (local and federal) and international comparisons.

See more in Financial Crises; United States; Budget, Debt, and Deficits

Op-Ed

The Fiscal Delusion

Author: Robert E. Rubin
New York Times

With the fiscal cliff looming and our current fiscal trajectory unsustainable, "We should let the Bush high-end tax cuts expire, with an achievable, progressive reduction in tax expenditures. And we should have spending cuts, including entitlement reforms, equally matched by revenue increases," says Robert E. Rubin.

See more in Financial Crises; United States